Fiber export turnover reaches record $5.6 billion in 2021

Việt Nam’s export turnover of fiber of all types reached a record high of US$5.6 billion in 2021, despite the severe impact of the COVID-19 pandemic, data of the General Department of Việt Nam Customs showed.

Textile and garment sector to recover with labour support

As the fourth wave of COVID-19 is brought under control in Việt Nam, the billion-dollar textile and garment industry is overcoming difficulties to resume production.

Barriers prevent support funds helping industries and individuals across Việt Nam The fourth wave of the COVID-19 pandemic in Việt Nam has caused hundreds of thousands of businesses across many industries to suspend production, leaving 1.8 million workers nationwide unemployed.

Textile stocks slump despite profit rises Despite a positive recovery in the first quarter of this year, textile company stocks continued to decrease.

Key export sectors the target of M&As by foreign investors

Several of Việt Nam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.

Domestic garment and textile industry sees positive signs

The country’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year, slightly increasing 1.1 per cent from the same period last year, according to the Ministry of Industry and Trade (MoIT).

Stable supporting industries crucial to local manufacturing

Stable supporting industries and restructuring of chains for industrial production are crucial to improve the country’s manufacturing sector, according to Việt Nam Chamber of Commerce and Industry (VCCI).

SOEs need to enhance autonomy in operation: report State-owned enterprises (SOEs) need to enhance their autonomy and responsibility under market mechanisms to contribute to the growth of the economy, according to a report by the Central Institute for Economic Management (CIEM).

Enterprises change to deal with the prolonged pandemic As the COVID-19 pandemic continues to disrupt global activities, some industries and businesses have applied technology and new working practice to limit its influence.

Textile companies hope for better days ahead Textile and garment companies have made big strides in the industry for the past decade, but 2020 was a challenge.